Charleston, ME is an affordable place to live with 2 bedroom rents costing $870 in comparison to the US' average of $1,430 for a 2 bedroom rent. The local grocery cost index is also lower than the national average, standing at 104 compared to 100. As such, residents can find great value in living in Charleston. Some local companies in Charleston that provide employment and goods and services include Palermo Airport Services, High Seas Lobster Co-op., Libby Seafoods Corp., and West Bay Trading Company. These businesses have all been integral to the development and growth of Charleston over the years and help maintain its cost of living index at more favorable levels than other places across the US.
Charleston has an unemployment rate of 5.5%. The US average is 6.0%.
Charleston has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Charleston
- The Sales Tax Rate for Charleston is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Charleston is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Charleston
- The average income of a Charleston resident is $18,333 a year. The US average is $28,555 a year.
- The Median household income of a Charleston resident is $63,333 a year. The US average is $69,021 a year.